Match Each Statement with the Correct Term Below

question 98

Multiple Choice

Match each statement with the correct term below.
-MACRS

• A)The depreciation method for real estate.
• B)A term used synonymously with the term depreciation.
• C)The depreciation system for assets placed in service after 1986.
• D)The initial basis of an asset minus the amount of capital recovered.
• E)The term used to describe the amount multiplied by the MACRS percentages to calculate the annual depreciation deduction.
• F)A provision intended to provide relief to small companies by allowing an immediate deduction for purchases of business equipment and by simplifying record keeping.